LENHAM STORAGE COMPANY LIMITED

Company Information

Company Number
00463800
Registered Address
Menzies Llp, Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY
Status
Active
Employee Count
508
Turnover
£49,286,000
EBITDA
£2,450,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 January 1949
Nature of Business
49410 - Freight transport by road
Industries
Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

Average Time to Pay
57 days
Shortest Period:1 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
17%
31-60 Days
73%
After 60 Days
10%
Not Paid Within Terms6%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-09-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2018 - 28 Feb 201928 Mar 20196217%73%10%46%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard terms are 30 days after month end though there are a number of suppliers where payment is processed earlier or within 30 days after invoice date.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

If a dispute arises, the invoice is held by the relevant Director or Manager and will not be paid until the issue is resolved or a credit raised.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

LENHAM STORAGE COMPANY LIMITED is a storage and logistics company based in Lenham, Kent, UK. They offer a range of services including warehousing, distribution, and supply chain management.

In terms of sustainability, the company has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient lighting and vehicles, recycling waste materials, and promoting sustainable practices among their employees and clients.

The company's main product is storage space, with over 1 million square feet of warehouse capacity. They cater to a wide range of industries, including food and beverage, retail, and pharmaceuticals. In addition to storage, they also provide value-added services such as order fulfillment and inventory management.

The key people at LENHAM STORAGE COMPANY LIMITED include the managing director, Richard Hattrell, and the operations director, Andy Hattrell. They have a team of experienced professionals who are committed to providing high-quality services to their clients.

For more information on their services and sustainability efforts, the company's website is www.lenhamstorage.co.uk. Their registered office address is The Old Coal Yard, Ham Lane, Lenham, Kent, ME17 2LH, UK.

Overall, LENHAM STORAGE COMPANY LIMITED is a reputable and sustainable company that offers reliable and efficient storage and logistics services to various industries. With their commitment to sustainability, they are making a positive impact on the environment while meeting the needs of their clients.

Financial Metrics

Cash
£1,630,102
Net Worth
£27,402,582
Total Current Assets
£14,928,704
Total Current Liabilities
£14,884,015

Company Location